U.S. Treasury Secretary Discusses Tax Bill and Federal Reserve Concerns

According to PANews, U.S. Treasury Secretary Besant announced progress on the vote for the tax bill, referred to as the 'Big and Beautiful Act.' Besant disagreed with Elon Musk's assertion that the bill would increase the deficit, suggesting that a surplus might occur if the bill passes. Regarding the Federal Reserve, Besant expressed willingness to assist where needed but emphasized the ongoing responsibilities at the Treasury Department. Additionally, Besant reiterated concerns that the Federal Reserve might delay interest rate cuts for too long.